Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Solana bulls have performed extremely well after breaking past the crucial $25-$27 resistance zone in October.
The strength of the buyers even when SOL traded at $50 meant the rally could extend toward $80 later this year.
Solana [SOL] has rallied 146% in just under a month to reach $51.93, and the move has not lost strength yet. Technical analysis by AMBCrypto dated 2nd November highlighted the $44 and $51.5 levels of interest on the higher timeframes.
Such a rally has materialized as anticipated. Now it appeared that the $50 psychological resistance level could be broken by the bullish impetus. Here’s how traders can navigate the markets over the next week.
The 100% Fibonacci extension level was tested but the rally wasn’t over yet
Source: SOL/USDT on TradingView
The three-day price chart showed SOL registered a series of green
We współpracy z: https://ambcrypto.com/is-75-the-next-target-for-solana-bulls/
